Data Storage Corp - DTST STOCK NEWS

Data Storage Corporation (Nasdaq: DTST) reported strong financial results for Q3 2022, with revenues rising 14% year-over-year to $4.4 million. Year-to-date revenue reached $17.9 million, an 80% increase compared to the same period in 2021. The company continues to expand its multi-cloud IT solutions and is focused on securing high-margin, subscription-based contracts. With over $11 million in cash, DSC is well-positioned to invest in growth and improve profitability, aided by operational streamlining and management realignment.

Data Storage Corporation (Nasdaq: DTST) will host a conference call on November 15, 2022, at 10:00 am ET to discuss its third-quarter financial results for the period ending September 30, 2022. The call can be accessed via telephone or through a webcast. Data Storage Corporation offers a range of solutions including cloud infrastructure, disaster recovery, and cyber security, catering to various sectors including government and healthcare. Webcast replays will be available on the company’s website for a year after the call.

Data Storage Corporation (Nasdaq: DTST) announced a management and operational realignment aimed at enhancing profitability and gross margins. The initiative includes centralizing service delivery and sales engineering teams, which is expected to improve the utilization of technical resources and expand client proposal tools across the sales team. Additionally, a focus on direct sales and international programs is set to boost recurring revenue and overall infrastructure solutions. Changes in leadership were also noted, with the appointment of Thomas Kempster as CEO of the Flagship subsidiary.

Data Storage Corporation (Nasdaq: DTST) has achieved ISO/IEC 27001:2013 certification for its CloudFirst and Nexxis divisions. This certification, awarded by A-LIGN, confirms the company's adherence to rigorous international information security standards, ensuring the confidentiality and integrity of its services, including cloud infrastructure and disaster recovery. CEO Chuck Piluso emphasized that this milestone not only validates internal security protocols but also enhances customer engagements. The certification reflects Data Storage Corporation's ongoing commitment to data security in a landscape demanding high standards.

Data Storage Corporation (DTST) announced its second-quarter results on August 11, 2022, reporting a 37% revenue increase year-over-year and a remarkable 121% growth for the first half of 2022. Notably, subscription-based services rose 47% in Q2. The company achieved positive EBITDA, backed by over $11 million in cash and no long-term debt, enhancing its financial stability. Management highlighted opportunities in cloud migration for IBM Power infrastructure as a growth driver. A conference call to discuss results was also scheduled for the same day.

Data Storage Corporation (DTST) will host a conference call on August 11, 2022, at 10:00 am ET to discuss its second-quarter financial results for the period ending June 30, 2022, and other corporate updates. The call can be accessed via telephone or webcast. The Company provides business continuity solutions from multiple data centers in the USA and Canada, focusing on cloud infrastructure, disaster recovery, and cybersecurity services. More details can be found on their official website.

Data Storage Corporation (Nasdaq: DTST) announced that CEO Chuck Piluso will present at the Benzinga All Access event on July 22, 2022, at 9:40 A.M. Eastern Time. The presentation will be live-streamed and can be accessed via YouTube. An archived recording will also be available on the company's investor relations page at DTST.com. Data Storage Corporation offers diverse solutions in business continuity, disaster recovery, cyber security, and data analytics across North America.

Data Storage Corporation (Nasdaq: DTST) reported a 236% year-over-year revenue growth for Q1 2022, rising from $2.6 million to $8.7 million. CEO Chuck Piluso announced positive net income and over $600,000 in EBITDA. The company emphasizes its strategic position in the cloud infrastructure, disaster recovery, and cyber security markets, leveraging a recent merger to enhance cross-selling capabilities. With $13 million in cash and no long-term debt, DSC is poised for further growth while expanding its sales force and marketing initiatives.

Data Storage Corporation (Nasdaq: DTST) is set to host a conference call on May 16, 2022, at 10:00 am ET to discuss its financial results for Q1 2022, which ended on March 31, 2022. The call can be accessed via toll-free numbers for U.S. and international callers or through a webcast. The company provides a range of business continuity solutions, including cloud infrastructure, disaster recovery, cyber security, and data analytics, serving clients across various sectors including government and healthcare.